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VRNT - Verint Systems Inc News Story

$46.67 -0.0  -0.0%

Last Trade - 07/05/21

Sector
Technology
Size
Mid Cap
Market Cap £2.20bn
Enterprise Value £2.41bn
Revenue £911.6m
Position in Universe 1876th / 6858

BUZZ-Verint Systems: Rises as brokerages raise PTs after Q3 revenue beats

Thu 10th December, 2020 3:16pm
** Shares of data analytics firm  VRNT.O  rise as much as
6.7% to $60.24 in early trading
    ** At least 4 brokerages raise PTs on stock after co posted
Q3 revenue above analysts' est. on Wednesday  urn:newsml:reuters.com:*:nBw5y7Sssa
    ** Wedbush says co's customer engagement business saw strong
deal activity as shift to cloud and expanded product portfolio
benefited VRNT; raises PT to $70 from $60, implying an upside of
~24% to stock's last close
    ** Oppenheimer raises PT to Wall Street high of $75 from $64
     ** "The separation into two independent companies is on
track, and January's virtual investor days should highlight the
momentum powering both businesses" - Oppenheimer 
    ** Needham says co's cyber intelligence segment showed signs
of recovery, as strong execution led to healthy gross margin
expansion
    ** Current avg. rating of 7 analysts on stock is "buy" and
median PT is $66 - Refinitiv data
    ** Stock up ~2% this year, as of last close

 (Reporting by Tiyashi Datta in Bengaluru)
 ((tiyashi.datta@thomsonreuters.com))
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